Crown Equities, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 10:14 pm
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Crown Equities, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was PHP 24.365 million compared to PHP 53.418 million a year ago. Net income was PHP 21.808 million compared to PHP 14.860 million a year ago. For the half year, total revenue was PHP 82.901 million compared to PHP 114.111 million a year ago. Net loss was PHP 10.120 million compared to net income of PHP 30.404 million a year ago.
Crown Equities, Inc. is a Philippines-based investment holding company. The Company is engaged in the business of real estate development and healthcare through its subsidiaries. The Company operates through three segments: Real estate, Healthcare services and Investment holdings. Real estate segment is involved in the acquisition of land, planning and developing residential communities, such as development and sale of condominium units and parking slots, residential lots and housing units. Healthcare services segment is involved in delivering out-patient health care services through ambulatory care centers. This includes the sale of medical goods and services. Investment holdings segment creates project investments and later dispose these investments after creating value. The Companyâs subsidiaries include Crown Central Properties, Corp., Parkfield Land Holdings, Inc., Healthcare Systems of Asia Phils., Inc, Fortmed Medical Clinics Makati. Inc. and Argent Capital Holdings Corporation.
CROWN EQUITIES, INC. 
